Name: Latest research reports of Honasa Consumer Ltd. authored by Emkay and published by - Trendlyne research reports.
Item: Honasa Consumer Ltd.
Rating: 5
Author: Emkay

Leading in active ingredient-based BPC market

Buy: Honasa Consumer Ltd.

Emkay

Honasa, in a journey to gain scale in the Indian Beauty market, has built ‘The
Derma Co’ — their second profitable brand, with ARR of Rs5bn+. The Derma Co,
launched in 2020, offers science-backed products powered by active
ingredients. It leads the market, sized at Rs20bn, with ~20% share